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42A HURON STREET
Deep River Ontario , K0J1P0 , Canada
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$1,999,999.00
MLS® 1388628
Investment
Lot Frontage: 181.9 Feet
No. of Parking Spaces: 36
Acreage: Yes
Zoning: R-4
Remarks:
INCREDIBLE OPPORTUNITY!! Take advantage of the huge demand and shortage of rentals with this RARE all brick, 23 Unit nestled in the booming beautiful town of Deep River close to the shores of the Mighty Ottawa River. This safe, quiet, friendly and vibrant community is known for a great place to retire and is on the doorsteps of major employers like the expanding CNL Labs and Garrison Petawawa with many amenities. Offering all 2 Bedroom Units priced at only $87,000 per unit! This building has the potential to gross over $300k at market rents and offer an 8% cap rate. Incredible opportunity with massive upside potential and possibly space for another smaller building on the lot. Tons of parking, coin operated laundry, and single storage room on each level. Extremely well-maintained building and excellent tenants (many retired). Mandatory 48 hr. irrev. on all offers. New Roof (2017). VERY CLEAN, WELL MAINTAINED BUILDING! Price is FIRM, Replacement cost over $7,500,000! (id:7526)

Property Features:
  • OwnershipType: Other, See Remarks
  • Property Type: Multi-family
  • Sewer: Municipal sewage system
Building Features:
  • Exterior Finish: Brick
  • Foundation Type: Block
  • Heating Fuel: Electric
  • Heating Type: Baseboard heaters

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

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